Tryg Forsikring A/S has mandated Danske Bank and Pareto Securities to lead-manage a subordinated NOK bond issue, which will constitute Solvency II compliant Tier 2 capital. The issue will have a variable interest rate and a maturity of 30 years with optional redemption at par 10 years after issuance.
The issuer, Tryg Forsikring A/S has an 'A-' issuer rating from Standard & Poor's. Tryg expects the bond issue to be rated 'BBB'.
The bond issue will be used for the refinancing of an existing subordinated loan and forms part of ongoing adjustments of Tryg's capital structure.
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